Developer Talon: Adelaide Streets and Investments Part

developer talon: It is the latest chapter in the tangled web of legal fallout from the tower at Bay and Adelaide streets that was sold by developer Talon International Investments, according to The Toronto Star. Part of the development was sold as residential condominiums. By Tess Kalinowski Real Estate Reporter Thu., Oct. 13, 2016 An Ontario court of appeal has ruled that small investors who say they racked up hundreds of thousands of dollars in bills by investing in Toronto troubled Trump Tower should be released from their obligations and compensated for the losses they incurred since buying into the development. The appeal ruling applies to investors in other units, which were marketed as full-service luxury hotel rooms. It will allow some of the small investors an escape from losses that, in at least one case, amounted to nearly $1 million. Thursday ruling applies to arguments heard in June by a panel of three judges. (news.financializer.com). As reported in the news.